08:04 AM EDT, 10/06/2025 (MT Newswires) -- Pembina Pipeline ( PBA ) said Monday that it remains focused on advancing the Greenlight Electricity Centre in Alberta with project partner Kineticor, an OPTrust portfolio company.

The announcement comes as RBC Capital Markets cited an unconfirmed report that Pembina is close to announcing a data center deal with Meta.

The project includes a multi-phased gas-fired combined cycle power generation facility with a capacity of up to 1,800 megawatts. A final investment decision is expected in the first half of 2026.

"Through their combined efforts, government, industry, and local stakeholders can capitalize on a multi-billion-dollar investment opportunity that will create jobs, foster innovation, and grow the economy," Pembina's president and chief executive officer Scott Burrows said.

The first phase would increase natural gas demand in Alberta's Industrial Heartland by approximately 160 million cubic feet per day, with the potential to double to about 320 mmcf/d based on the project's potential ultimate capacity of about 1,800 MW, Pembina said.

"Greenlight is making great progress on all the pieces required to successfully bring to fruition one of the largest power projects in Canada while supporting the significant load growth coming to Alberta," Kineticor CEO Andrew Plaunt said.

Pembina's share price gained 6% Friday to $58.77 per share on the Toronto Stock Exchange.